3 High-Yield Bond Funds To Buy For Impressive Returns
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High-yield bond mutual funds are ideal for average investors seeking better returns than investment-grade securities. Three top-ranked funds include AB High Income (AGDAX), Nuveen Credit Income (FJSYX), and T. Rowe Price Floating Rate Adv (PAFRX), all rated #1 (Strong Buy) by Zacks. AB High Income focuses on high current income with a 9.8% three-year annualized return, Nuveen Credit Income targets a 10.8% return, and T. Rowe Price Floating Rate Adv aims for 8.8%. These funds invest in lower-rated bonds, providing diversification and reduced risk.
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